On Our Radar

On Our Radar

Technology Sector Wrap

During trading today, both the Technology sector (XLK) and the S&P500 showed little movement.

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Although it went in the opposite direction of the market today, the ETF tracked closer to the overall market today than over the past month. Entering today's trading, XLK was up 8.7% over the last thirty trading days while the S&P 500 was up 5.9%.

Kayak Software (KYAK) was a major gainer in the sector, rising 11.1% (+$3.07) to close at $30.80 with 543,643 shares moving. The stock traded in a range of $28.75 to $31.22.

Ultra Clean Holdings (UCTT) was a major loser in the sector. Its price dropped 10.4% (-70 cents) to close at $6, as 297,916 shares moved. The stock traded in a range of $5.57 to $6.16. Shares are down over the last two months as the price has dropped 69 cents (-10.3%) from a price of $6.69 on June 25, 2012.

Dell (DELL) fell 5.3% to close at $11.68, crossing its 50-day moving average of $12.12. Meanwhile, Tibco Software (TIBX) climbed 2.7% to close at $29.14, moving past its 200-day moving average of $28.66.

Cepheid (CPHD) rose 2.2% to close at $36.61, approaching its 50-day moving average of $37.68. It has also moved closer to its 200-day moving average of $38.78. Hewlett-Packard (ARW) fell 3.7% to close at $19.20, moving closer to its 50-day moving average of $19.12. Also, the stock moved closer to its 200-day moving average of $36.59.

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CGI Group (GIB) hit a new 52-week high today, reaching $26.17 to top the previous high of $25.53.